Thomson Reuters Launches QA Point Powered by Elsen, the First
Commercial Product Built on Elsen nPlatform

April 11, 2017 05:01 AM Eastern Time

BOSTON--(EON: Enhanced Online News)--Elsen
today unveiled nPlatform, the Platform-as-a-Service (PaaS) for large
financial institutions, and announced that Thomson Reuters is the first
company to launch a commercial product, QA Point Powered by Elsen, built
on the platform. By combining high-quality data with a cloud-based
architecture that delivers blazing performance, Elsen nPlatform enables
anyone to effortlessly harness vast quantities of data to make better
decisions and quickly solve the most complex problems.

“Portfolio managers and analysts are under pressure to deliver a more
systematic approach to the investment process, but they’ve had to rely
heavily on software engineers and programmers to access quality data and
test their ideas”

As the financial services industry undergoes a digital transformation,
firms are striving to extract more value from massive amounts of
available data. In fact, 70 percent of firms report that Big Data is
critically important – a number that’s up sharply from 21 percent in
2012 – according to research
last year from the consulting firm New Vantage Partners. However,
transitioning to a modern, cloud-based architecture that can provide
easy access to vast quantities of data and the means to analyze it is a
challenging task.

“Financial institutions are powered by large and complex technical
infrastructures that they’ve been maintaining and building upon for
decades,” said Zac Sheffer, founder and CEO of Elsen. “Yesterday’s
infrastructure can’t support the type of flexible and intuitive
applications that users have come to expect, so we built a platform that
can. Elsen nPlatform gives financial institutions a foundation to build
the powerful, web-based applications that users need to do their jobs
effectively and put their firms ahead in today’s knowledge economy.”

Elsen nPlatform is designed to help financial professionals quickly gain
insights from massive amounts of data. Applications built on nPlatform
eliminate the need for a team of programmers and give anyone the ability
to quickly construct and validate financial investment strategies.

Large financial institutions can use Elsen nPlatform to build solutions
that empower their own employees, or they can use it to create and
distribute solutions for their clients and customers, as Thomson Reuters
has done with the introduction of QA Point Powered by Elsen. QA Point
gives any user the power to conduct research on massive quantities of
data to backtest investment models and create new investment strategies
– in minutes, not days.

“Portfolio managers and analysts are under pressure to deliver a more
systematic approach to the investment process, but they’ve had to rely
heavily on software engineers and programmers to access quality data and
test their ideas,” said Austin Burkett, head of global quant and feeds,
proposition manager, Thomson Reuters. “Combining our world-class data
with Elsen’s cutting-edge technology to create QA Point gives control
back to analysts and portfolio managers so they can quickly create and
test new investment strategies that will drive better returns.”

Elsen nPlatform was developed through close collaboration and rigorous
evaluations with experts in the financial services industry. It consists
of three core components that provide a powerful foundation on which to
create a wide variety of applications that meet the needs of large
financial institutions:

Processing Engine – A high-performance computing architecture
that uses parallel processing and is specifically designed to handle
financial data. It powers applications that enable technical and
non-technical users to perform analysis in minutes not days.

Intelligence Engine – An algorithmic approach to analyzing
financial data that delivers better results, faster. Using machine
learning, it provides massive time savings and insights that never
would have been discovered otherwise.

The Elsen nPlatform has been selected as a finalist
in the Best Tech Innovation of the Year (Small to Mid Size Business)
category for the 21st Annual MITX Awards. The MITX Awards is
the largest and most prestigious annual awards competition in the
country for digital marketing and technology innovation, bringing
together the best and brightest minds in the digital media, marketing
and technology industry.

For more information on harnessing the power of Elsen nPlatform to
create intuitive, web-based applications that give users access to vast
quantities of premium financial data, visit: https://elsen.co/partnerships.

About ElsenElsen is the Platform-as-a-Service company for
large financial institutions. The Elsen nPlatform enables anyone to
effortlessly harness vast quantities of data to make better decisions
and quickly solve the most complex problems. The company is
headquartered in Boston and is backed by a combination of venture
capital and hand-picked angel investors from the financial community
including Accomplice/Boston Syndicates (BOSS), Sequoia Strategic
Advisors, Bret Siarkowski and Hyperplane Venture Capital. For more
information, visit www.Elsen.co
or follow @ElsenInc
on Twitter.